This property looks like a bad Long-Term investment with a projected -14.21% first-year return on $86,625 initial cash invested.
-14.21%
Cash On Cash
3.77%
Cap Rate
0.59
DSCR
$2,490
Rent
-$1,026
Cashflow
Cash Flow
$2,490 income − $3,516 expenses = $1,026 out of pocket
Investment Breakdown
|
Purchase Price
$413k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$86,625
Downpayment
20%
$82,500
Closing costs
1%
$4,125
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,490
Total Expenses
$3,516
Mortgage P&I
88%
$2,199
Property Taxes
21%
$522
Home Insurance
6%
$149
HOA
0%
$0
Property Management
10%
$249
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0